Common use of Underutilization Charges Clause in Contracts

Underutilization Charges. If, at the end of the Term, Customer's Total Service Charges do not meet or exceed the TVC, then Customer shall pay: (a) all accrued but unpaid charges incurred under this Agreement; and (b) an "Underutilization Charge" in an amount equal to fifty percent (50%) of the difference between the TVC and Customer's Total Service Charges during the Term.

Underutilization Charges. If, at If the end of the Term, Customer's ’s Total Service Charges during the Initial Term do not meet or exceed the TVC, then the Customer shall pay: pay (a) all accrued but unpaid charges incurred under this Agreement; and (b) an "Underutilization Charge" in an amount equal to fifty percent (50%) 35% of the difference between the TVC and Customer's Total Service Charges during the Initial Term.

Underutilization Charges. If, If at the end of the TermTerm and any Transition Period, Customer's Total Service Charges do not meet or exceed the TVC, then Customer shall pay: (a) all accrued but unpaid charges incurred under this Agreement; and (b) an "Underutilization Charge" in an amount equal to fifty percent (50%) of the difference between the TVC and an amount which is the sum of Customer's Total Service Charges and the total charges for moves, adds, changes and expedites paid by Customer during the Term.